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Do It Best CEO Emphasizes Commitment to Co-Op Model Bob Taylor, president and chief executive officer of Do it Best Corp., was very clear when he spoke to shareholders during his annual address at the 2007 Do it Best October Market. “So, while others might look to move away from a co-op structure,” Taylor said, “we embrace it and see it as the perfect way to align the interests of Do it Best Corp. with those of our members and keep our team focused on our number one goal … helping members grow.” Taylor went on to say that growth must be built on a solid foundation. “There is no higher priority at Do it Best Corp. than the fiduciary obligation we have to our members … to be good stewards of your investment,” Taylor said. He emphasized that Do it Best Corp. continues to enjoy the highest credit rating in the industry and continues to be the only one with zero long-term debt. “That doesn’t happen by accident,” he said, “but rather with a dedication to conservative principles, candid and open review, and a culture of accountability.” Taylor also pointed out that despite the negatives experienced and seen in the headlines this year--regional economies, continued high fuel prices, dramatic deflation in the prices of lumber and panel products--the Do it Best Corp. team and the member-owners turned in the most positive bottom-line performance in the company’s 62 year history. In conclusion, Taylor reminded the audience of the co-op’s partnership, “Working together, cooperatively, we’ll maintain that industry leading momentum as we continue to work together to make the best even better.”Need more info and analysis about the issues? |
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